DIASPORA
Co-op Bank offers asset financing to our diaspora customers.
BENEFITS
- For purchase of a private vehicle for use by a family member
- For purchase of a commercial vehicle for business use
FEATURES
| Feature | Description |
| Loan Purpose |
|
| Maximum Financing | Up to 70% of the vehicle value |
| Maximum Loan Tenor | Up to 36 months |
| Interest Rate | Based on the prevailing risk-based credit pricing |
| Eligibility Criteria | All Kenyans who live outside Kenya who meet our lending requirements |
| Qualification Criteria | Allow for a maximum of 50% debt ratio based on the provided income documents |
| Age of the Motor Vehicle |
|
| Required Documents | Contact diasporabanking@co-opbank.co.ke for your country-specific document checklist |
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